This article is from the Australian Property Journal archive
EX-rugby league hardman Sam Burgess has listed his investment apartment at Little Bay, eight years after buying at the development launch.
Sam joins his younger brothers George and Tom in making the decision to sell his apartment at the development, opting to buy a more spacious place.
Burgess’ two-bedroom apartment is located on the top floor with ocean views. It has central living, dining and kitchen spaces while the living space and a bedroom open to a northeast balcony.
The former premiership winner with the South Sydney Rabbitohs along with his brothers who were his teammates at the time too, initially bought apartments in Little Bay in 2015.
The penthouse-style units were bought as investment properties in the newest development in the area – Little Bay Cove.
Little Bay is located just 14km south-east of the Sydney CBD and is part of the City of Randwick LGA.
A VIP launch in August, 2015 for the second stage of the Little Bay Cove development called Illume, saw the three siblings buy into the investment.
The $700m master planned community comprises of 179 apartments containing a mix of one, two and three-bedroom living spaces.
Sam paid $955,000 for his 107sqm apartment which was settled once completed in 2018. George sold shortly after settlement in 2018 for $1.35 million. Tom owned two apartments in the development, suffering a loss on the first one by about $7500. The second – a three-bedroom unit was sold for $1.55 million which was above the asking price and higher than the $1.405 million he paid for it.
According to realestate.com.au, the last two-bedroom apartment sold for $1.3 million (which is also the median price for two-bedders in Little Bay) with leasing at $835 a week.
A March 25 auction has been planned for the listing, with Martin Farah and Steve Ausling of NG Farah managing proceedings.
